De Grey Street, Hull, HU5

***Guide Price £200,000 - £220,000 plus Reservation Fee***

Investment Opportunity – Licensed Six Bedroom HMO Generating Approx. £31,000 Gross Annual Rent

An exceptional investment opportunity offering an impressive return, this licensed six-bedroom HMO enjoys a strong rental history and produces approximately £31,000 gross annual rent, providing an attractive gross yield of around 15.5% based on a purchase price of £200,000.

The property benefits from established use pre-dating the Article 4 planning restrictions, with evidence available from the seller. As shown on the floor plan, the accommodation extends to seven bedrooms, though it is currently licensed for six occupants, ensuring compliance with HMO regulations.

Internally, the property offers three bathrooms and a large open-plan kitchen and living area, providing ample shared space and a well-balanced layout ideal for student or professional tenants.

Located just off Newland Avenue, one of Hull’s most sought-after areas for rental investment, the property sits within easy reach of Hull University and a wide range of shops, bars, cafes, and transport links, making it a consistent performer in the buy-to-let market.

This well-established HMO represents a solid, income-generating investment with proven performance and strong long-term potential.

 
Key Features:

Licensed Six Bedroom HMO with Established Use Pre-Article 4
Approx. £31,000 Gross Annual Rent
Approx. 15.5% Gross Yield (Based on £200,000 Purchase Price)
Three Bathrooms
Large Open Plan Kitchen/Living Area
Sought-After Location off Newland Avenue



Fees, Exclusivity & Disclaimer
Reservation Fee:
Upon acceptance of an offer, the Buyer is required to pay a non-refundable Reservation Fee of 2% of the purchase price (minimum £2,500 + VAT). This fee is in addition to the purchase price. Once paid, the property will be immediately taken off the market, preventing gazumping, reducing delays, and providing peace of mind.

Refund Policy:
The Reservation Fee may be refunded only in specific circumstances, such as:

The seller withdrawing from the sale
A chain collapsing beyond the Buyer’s control
Significant structural issues confirmed by a qualified structural survey
For full details of refund eligibility, please contact our office.

Exclusivity:
Upon payment of the Reservation Fee, Rezee grants the Buyer a fixed exclusivity period of 90 days from the issue of draft contracts. During this time, the property is reserved exclusively for the Buyer.

Buying Process:

Register your interest
Prepare your finances
Arrange a viewing
Make an offer
Secure the sale via our secure system
Exchange and complete
Important Information & Disclaimer:
A Ready Sale Pack containing detailed property information is available. Buyers are advised to review this pack and undertake their own due diligence before committing to purchase.
Buyers must verify their ID and provide proof of funds as part of our compliance process.
Rezee may offer related services (conveyancing, financial advice, surveying, etc.) and may receive referral fees from third-party providers.
While we take care to ensure sales particulars are accurate, they do not form part of any offer or contract and should not be relied upon as statements of fact.

Stamp Duty (SDLT):
Not all property purchases are subject to SDLT. Liability depends on factors such as purchase price and buyer’s position. Buyers should seek advice from a solicitor or tax adviser to confirm whether SDLT applies to their purchase and how much they would have to pay.

Rezee’s Approach:
Our innovative selling process provides a secure and transparent way to buy property, designed to protect all parties and reduce the risks of failed sales.

 
Fees, Exclusivity & Disclaimer

Reservation Fee:
Upon acceptance of an offer, the Buyer is required to pay a non-refundable Reservation Fee of 2% of the purchase price (minimum £2,500 + VAT). This fee is in addition to the purchase price. Once paid, the property will be immediately taken off the market, preventing gazumping, reducing delays, and providing peace of mind.

Refund Policy:
The Reservation Fee may be refunded only in specific circumstances, such as:

The seller withdrawing from the sale
A chain collapsing beyond the Buyer’s control
Significant structural issues confirmed by a qualified structural survey
For full details of refund eligibility, please contact our office.

Exclusivity:
Upon payment of the Reservation Fee, Rezee grants the Buyer a fixed exclusivity period of 90 days from the issue of draft contracts. During this time, the property is reserved exclusively for the Buyer.

Buying Process:

Register your interest
Prepare your finances
Arrange a viewing
Make an offer
Secure the sale via our secure system
Exchange and complete
Important Information & Disclaimer:
A Ready Sale Pack containing detailed property information is available. Buyers are advised to review this pack and undertake their own due diligence before committing to purchase.
Buyers must verify their ID and provide proof of funds as part of our compliance process.
Rezee may offer related services (conveyancing, financial advice, surveying, etc.) and may receive referral fees from third-party providers.
While we take care to ensure sales particulars are accurate, they do not form part of any offer or contract and should not be relied upon as statements of fact.

Stamp Duty (SDLT):
Not all property purchases are subject to SDLT. Liability depends on factors such as purchase price and buyers position. Buyers should seek advice from a solicitor or tax adviser to confirm whether SDLT applies to their purchase and how much they would have to pay.

Rezee’s Approach:
Our innovative selling process provides a secure and transparent way to buy property, designed to protect all parties and reduce the risks of failed sales.